We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

registration required

or
for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

OneSavings Bank grows despite stamp duty rise, shares jump

OneSavings Bank (OSB) has had to contend with the double whammy of the stamp duty hike for buy-to-let landlords and a cut in interest rates so far this year. Chief executive Andy Golding was keen to reassure investors the impact on the challenger bank is limited. Firstly, OneSavings Bank targets professional buy-to-let landlords with multiple properties rather than those with "one bit of chrome and glass somewhere", he says. Higher tax charges are expected to professionalise the market. Secondly, the bank has hedged any of its liabilities that are priced at a fixed rate of interest.

registration required

visible-status-Standard story-url-onesavings bank h116 results 240816.xml

By Emma Powell,
25 August 2016

Print this article
Comments

Related Companies

Advertiser reports

Register today and get...

Register today and get...
Please note terms & conditions apply